Following the Union Budget 2025, brokerages highlight key stock picks with growth potential across large-cap, mid-cap, and broader market segments. Stocks like RIL, TCS, KPIT, and others are expected to perform well, benefiting from tax reforms, fiscal measures, and a focus on consumption revival.
Following the announcement of India’s Union Budget 2025, brokerage firms have weighed in on the market outlook and identified several stocks poised to benefit from the economic reforms and initiatives laid out in the budget. Analysts have pointed out that the budget managed to strike a balance between stimulating consumption and maintaining fiscal discipline. The government’s focus on capital expenditure and the personal income tax rebate are seen as key factors in fueling long-term economic growth. Brokerages have outlined their top stock picks across large-cap, mid-cap, and broader market segments.
JM Financial’s Large-Cap Stock Picks
In the large-cap category, JM Financial has recommended several blue-chip stocks, including Reliance Industries Limited (RIL), Tata Consultancy Services (TCS), Bharti Airtel, and ITC. The brokerage believes these stocks will gain traction as a result of the post-Budget growth momentum. RIL has an estimated upside potential of 31%, while TCS is expected to rally by 15% from its current market price. Other strong picks from JM Financial include Bajaj Finance, Maruti Suzuki, and L&T, as these companies are expected to benefit from the budget’s focus on economic expansion.
Mid-Cap Opportunities
In the mid-cap space, JM Financial has highlighted DLF, SRF, Havells, BHEL, KPIT Technologies, and Hindalco as key beneficiaries of the Budget. These stocks are set to benefit from various reforms and increased capital expenditure. Among them, BHEL is projected to have the most significant upside, with a potential increase of nearly 79% from its current levels. KPIT Technologies also stands to gain due to its focus on emerging technologies and sustainability, aligning with the budget’s emphasis on innovation.
Broader Market Picks by Ventura
Ventura, another prominent brokerage, has recommended a diverse range of stocks across various sectors, including TRIL, Shilchar, Skipper, KEC, Kalpataru, Optiemus Electronics, and Mukka Protein. The brokerage expects sectors such as power transmission, domestic manufacturing, and seafood exports to see a boost from the government’s initiatives, driving growth for these companies.
Consumption Focused Stocks
The Union Budget’s emphasis on boosting consumption has led Bajaj Broking to recommend stocks from the FMCG, auto, and beverages sectors. Among the key picks are Dabur India, United Spirits, and Exide Industries. With the income tax rebate expected to increase disposable income, these stocks are expected to benefit from the consumption revival, making them solid choices for long-term growth.
As India continues to prioritize growth in key sectors, analysts remain optimistic about the outlook for these stocks in the post-Budget landscape, believing that investors can capitalize on these opportunities as the economy strengthens.
